Extra Repayments Calculator

Use this calculator to calculate the balance on your Home Loan after you have made extra repayments. Making extra repayments on your home loan is the best way to save on the Interest you will have to pay back to a home loan lender.

Extra Repayments Calculator
Find out how much you will save on interest by using this Calculator. Its really easy, and exciting to find out the money you can save as you make extra payments on your home loan. You will also find out how many years and months you will take of the home loan term as well.

All you have to do is input the balance of your home loan, the interest rate your home loan lender is charging you, the home loan term you have left, the payment frequency and the extra amount you can afford to pay towards your home loan mortgage.

You can even use this calculator right from the start of your home loan, to make regular extra repayments ontop of what is required by your bank, or home loan lender. if you have extra cash you are not using, instead of having it in a savings account you may consider making extra repayments on your home loan mortgage to not only save interest but shorten your home loan term. Your home loan lender, financial advisor can help you budget for the right extra repayment to make. Another useful calculator would be the Lump Sum Payment Calculator to see the benefit of adding a one off lump sum to your home loan.

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